Commercial

  • April 25, 2025

    Texas High Court Keeps Alive REIT's 'Short And Distort' Suit

    The Texas Supreme Court found that a farmland-centered real estate investment trust's suit against a Dallas-based hedge fund could continue, but in a Friday opinion it also said a bid to dismiss the suit under the state's anti-SLAPP law could proceed on the merits.

  • April 25, 2025

    Migration Agency Faces $100M EB-5 Investor Fraud Suit

    A group of Chinese investors have filed a proposed class action accusing a Washington-based migration agency and a real estate investment group manager of fraudulently raising $100 million from overseas investors pursuing permanent U.S. residence via the EB-5 program with property that has now been auctioned off.

  • April 25, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    Tupperware looked for permission to end healthcare reimbursements for roughly 230 employees; Heritage Coal's owners asked a Delaware bankruptcy judge to allow the company to complete a permit transfer as part of a pre-Chapter 11 sale; and Film Finance Inc., behind productions including "Everything Everywhere All At Once," sought to have its Chapter 11 case dismissed. Here are some of the bankruptcy stories you may have missed last week.

  • April 25, 2025

    Fried Frank Guides $350M Starwood Refi On FiDi Tower

    Fried Frank Harris Shriver & Jacobson LLP advised a $350 million refinancing provided by Starwood Property Trust for Manhattan's 125 Greenwich supertall luxury condo tower.

  • April 25, 2025

    $1.1M Hail Coverage Suit Against Travelers Is Time-Barred

    An Oklahoma property owner cannot get revised coverage from two Travelers units for more than $1.1 million in claimed hail damage repairs, an Oklahoma federal court ruled, finding that after Travelers paid roughly $100,000 in coverage, the property owner filed its coverage action too late. 

  • April 25, 2025

    Pa. Justices Clarify Property Use Statuses In Condemnations

    The Pennsylvania Supreme Court on Friday reversed a lower court decision that determined that two separated land parcels shouldn't be considered and valued as a single parcel that's used for a single unified purpose.

  • April 25, 2025

    Prologis, Net Lease REIT Team Up For $78M Industrial Project

    Industrial-focused real estate investment trusts Prologis Inc. and Broadstone Net Lease Inc. are working together on a $78.2 million build-to-suit distribution warehouse project for a subsidiary of automaker giant Stellantis, Broadstone announced.

  • April 25, 2025

    Fox Rothschild Hires Condo, Co-Op, HOA Adviser In NY

    Fox Rothschild LLP announced Friday that it has added an attorney with experiencing advising condominium and cooperative boards, along with homeowners' associations, to its New York real estate department.

  • April 25, 2025

    NJ Towns Challenge State Affordable Housing Framework

    A coalition of nearly two dozen New Jersey municipalities has filed suit against state officials, arguing a provision of the state's affordable housing framework unfairly places all responsibility for building such housing on non-urban municipalities.

  • April 25, 2025

    Digital Realty Expects 'Modest' Cost Impact From Tariffs

    Digital Realty Trust will see a "very modest, less than 5% impact" on construction costs for data centers as a result of tariffs affecting its supply chain, though circumstances could be different for other developers in the digital infrastructure sector, the company's CEO said.

  • April 25, 2025

    Bradley Arant Moves Into New Office Space In Washington

    Bradley Arant Boult Cummings LLP has moved its Washington, D.C., office to a new space in a 13-story Class A building, with JLL serving as the property manager and landlord, the law firm announced.

  • April 24, 2025

    Ex-Biscayne CEO Gets 10 Years For $130M Ponzi Scheme

    The co-founder and CEO of defunct investment advisory firm Biscayne Capital on Thursday was sentenced in New York federal court to 10 years in prison, over his admitted role in a $130 million Ponzi scheme that defrauded banks and investors in a purported luxury real estate fund.

  • April 24, 2025

    2 SPACs Join Recovering Market With $461M In New Capital

    Two special purpose acquisition companies raised $461 million combined through initial public offerings in the past two days in order to pursue mergers targeting several industries, represented by three law firms, extending an uptick in SPAC offerings despite broader market volatility.

  • April 24, 2025

    Ready Capital Sued Again Over Real Estate Loan Losses

    Ready Capital Corp. and two executives were hit with another derivatives suit alleging statements made in the back half of 2024 about the company's performance misled investors about the significance of several nonperforming commercial real estate loans.

  • April 24, 2025

    CBRE Expects Choppy 2025 With Emerging Tariff Effects

    Commercial broker CBRE on Thursday said uncertainty surrounding U.S. trade policy and tariffs dampened an otherwise strong start to the year, with executives telling investors they anticipate continued volatility.

  • April 24, 2025

    Md. To Allow Counties To Negotiate Payments With Broadband

    Maryland counties will be able to negotiate payments with broadband providers instead of imposing property tax on the providers' real and personal property under bills signed by the governor.

  • April 24, 2025

    NY Youth Welfare Org Can Sell 22-Acre Property For $9M

    St. Christopher's, a youth mental-health care provider based in New York, received a bankruptcy judge's approval Thursday to close a $9 million sale of its roughly 22-acre property in Orange County, New York.

  • April 24, 2025

    Cooley Inks 20-Year Lease For New DC Office

    Cooley LLP is planning to move its Washington, D.C., office after signing a 20-year, 126,000-square-foot lease for a property owned by real estate company BXP, the firm and the company announced Thursday.

  • April 24, 2025

    Philly Firm's Real Estate Chair Brings Expansion To Nashville

    Philadelphia-based boutique corporate firm Royer Cooper Cohen Braunfeld LLC is launching a new Nashville, Tennessee, office, with the firm's real estate practice group leading the expansion.

  • April 24, 2025

    Mubadala, Fortress Team Up For $1B Strategic Partnership

    Sovereign investor Mubadala Investment Company and private equity firm Fortress Investment Group on Thursday announced that they were furthering their partnership with a $1 billion investment focused on credit and special situations co-investment opportunities.

  • April 24, 2025

    Resort REIT Drops Out Of The Running For NY Casino License

    Las Vegas Sands Corp. announced that it won't keep pursuing one of three casino licenses up for grabs in downstate New York ahead of a June deadline for license applications, citing concerns about competition from online betting.

  • April 23, 2025

    Fed. Circ. Won't Revive Minority Farmer COVID Debt Relief Suit

    The Federal Circuit declined to revive claims by socially disadvantaged farmers who said the government owes them millions of dollars after repealing a coronavirus pandemic-era debt relief program, ruling Tuesday the farmers failed to show the government had a mutual intent to enter a binding contract.

  • April 23, 2025

    Mich. Town Beats Casino's Suit Over Rejected Racetrack Plan

    A Michigan federal judge found the state's final horse-racing casino operator jumped the gun in spending $10 million on a suburban Detroit property only to see negotiations with local officials break down, stranding the company without a physical location.

  • April 23, 2025

    Judge Says Calif. Tribes Can't Intervene In $700M Casino Row

    A District of Columbia federal judge refused on Wednesday to allow three California tribes and a company to intervene in another California tribe's suit accusing the federal government of wrongfully rescinding gambling eligibility for the tribe's $700 million casino project.

  • April 23, 2025

    US Office Demand Falling, Usage Stagnating, Yardi Says

    The demand for office space is declining in the U.S., while office leases aren't being extended and utilization rate has slowed, according to an April report from commercial real estate research firm Yardi Matrix.

Expert Analysis

  • Reg Waiver Eases Calif. Rebuilding, But Proceed With Care

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    California Gov. Gavin Newsom's executive order suspending some environmental review and permitting requirements for the reconstruction of homes and businesses damaged by recent wildfires may streamline rebuilding efforts, but will require careful navigation of the evolving regulatory landscape, says Gregory Berlin at Alston & Bird.

  • Insurance Considerations For LA Wildfire Recovery

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    Businesses and homeowners affected by the destructive Southern California wildfires must act swiftly and strategically to navigate the complexities of the insurance recovery process, including by identifying all applicable policies, documenting damage thoroughly and keeping abreast of relevant state law, say attorneys at Morgan Lewis.

  • LA Wildfires' Effect On Calif. Insurer Of Last Resort

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    Attorneys at Willkie discuss the background of California's insurer of last resort — known as the Fair Access to Insurance Requirements Plan — and examine the process of assessing member insurers and relevant recent property insurance market developments in light of the destruction from the ongoing Los Angeles wildfires.

  • Public Corruption Enforcement In 2024 Has Clues For 2025

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    If 2024 activity is any indication, the U.S. Supreme Court will likely continue to rein in expansive prosecutorial theories of fraud in the year to come, but it’s harder to predict what the new administration will mean for public corruption prosecutions in 2025, says Cathy Fleming at Offit Kurman.

  • Small Biz Caught In Corporate Transparency Act Crossfire

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    Despite compliance being put on hold due to a nationwide preliminary injunction, small businesses have been caught in the middle of the legal battle over the Corporate Transparency Act — and confusion over the law's requirements could result in major penalties, say attorneys at Snell & Wilmer.

  • What's Ahead As Transparency Act Comes To A Crossroads

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    Synthesizing the contrasting federal district and appellate court rulings on the Corporate Transparency Act’s validity reveals several main areas of debate that will likely remain at issue as challenges to the law continue winding through the courts, say attorneys at Farella Braun.

  • Timeline Considerations For Boston's New RE Review Process

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    Boston's newly reimagined large real estate project review process, featuring early community engagement, holds impacts for project timelines that land use counsel must account for when guiding developers through approvals, says David Linhart at Goulston & Storrs.

  • The Story Of 2024's Biggest Bank Regs, And Their Fate In 2025

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    U.S. federal bank regulators were very active in 2024 with initiatives ranging from antitrust and capital to proposals regarding controlling shareholders and incentive-based compensation, but many regulations face an uncertain future under the new administration, say attorneys at Latham.

  • 2024 IPO Market Trends, And What To Expect Next Year

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    The initial public offering market returned to historically typical levels on a deal count basis in 2024 but continued to lag based on proceeds raised due to a larger number of smaller IPOs this year, and signs point to continued ongoing momentum in the next year, say attorneys at Paul Hastings.

  • Adapting Force Majeure To A Predictably Unpredictable World

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    As the climate and political landscapes get more complicated, force majeure provisions will likely be triggered increasingly often, demanding an evolving understanding of when events and their impacts are truly unforeseeable, say attorneys at Nossaman.

  • Impact Of Corporate Transparency Act Ambiguity On Banks

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    Even though banks generally needn't file beneficial ownership information reports, financial institutions must continue to monitor the status of the Corporate Transparency Act and understand its requirements in case the nationwide injunction that was issued against the CTA earlier this month is overturned, say attorneys at Armstrong Teasdale.

  • Green Projects Face States' Foreign Land Ownership Limits

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    As states impose restrictions and disclosure requirements around foreign investment in agricultural land — in some cases piggybacking on existing federal rules — renewable energy developers and investors must pay close attention to how the rules vary, says Daniel Fanning at Husch Blackwell.

  • How Landlords Can Navigate Cannabis-Related Leases

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    As the cannabis industry continues to rapidly grow, landlords should consider a variety of lease terms and operational details that may help mitigate uncertainty involving federal laws, zoning restrictions and tax implications, says Kyla Baker at Holland & Knight.